6.25% of land acquired by PCNTDA to be returned to owners with 2 FSI
Hindustan TimesThe state government on Monday approved the decision to return 6.25% of the land to the original landowners acquired by the Pimpri-Chinchwad New Township Development Authority since its inception on March 14, 1972 to December 31, 1983 with a pre-approved floor space index of 2, officials said. However, the land cannot be transferred to another person without government approval and without paying the prescribed portion of the unearned amount to the authority. The government implemented a scheme on March 3, 1990 to return 12.5% of the acquired land to the landowners as per terms and conditions. Following this, the farmers whose lands had been acquired before 1984 and had given possession of their land to the PCNTDA demanded that they get the benefit of the 12.5% land compensation scheme.